Bitcoin Forum

A friend of mine who is a holder of ethereum and xrp once told me he has lost confidence in the altcoins because it has nothing to offer and the altcoins always follow the suit of btc. The rate at which it is going down has brought fear to him. And I believe he is not tge only one thinking tge same way. If we are to open a floor for people to share their experiences and thought about altcoins, you will be amazed. But one thing I always tell him and I believe it goes for all those who share the same thought with my friend is that never lose confidence. This is not the first time altcoin market has done this. There is good days ahead and the market shows. I believe this is the time to buy and hodl more of altcoins like eth and xrp. Enjoy it while it last because it may be too late some days ahead.

In a nutshell, never be fooled by the market today. Look at the bigger picture and hodl for the future. Altcoins all tge way. I am for altcoins.

Many altcoins holdere are converting their holdings to bitcoin due to the high dominance of bitcoin. That is the real deal, people would always be deceived by what they see or hear. The cryptocurrency market is so unpredictable to the extent that if you don't have enough patience you would always lose to your holdings to panic selling.

Tell me, which altcoins have you invested into and held for a long term. It's easy to talk and make up all these stories. How can a person not lose confidence when he bought at $1000 and it dropped to less than $100? 

There's an ancient Israel proverb that admonishes not to follow the crowd. But rather, one can learn from the crowd. Learn from their mistakes, and don't make similar mistakes. Learn from the successes and learn from it.

Following market trends in crypto doesn't usually lead to success. Buying a coin because others are buying it is simply speculative. The market is often determined by behavioural patterns of investors.

One should understand before investing in altcoins that the price of the coins will drop in the starting because for the first few years its impossibe to make profit out of any business. It takes time and hardwork and most importantly patience with rigorous marketing. But many give up after 2 or 3 months including the investors and the team members. When people loose confidence because of this they decide to sell all their crypto assests including eth and major cryptos which cause a drop in the price.

Forgive me if am pessimistic, altcoins are going down and it's not getting much better either
This stories of hope is just what it is a mere stories. And don't build your empire on stories of hope but on more realistic things.
I think altcoin are being dumped for bitcoin these days my thoughts though. We are seeing differentiation in price of bitcoin to alternative coin

I'm holding altcoins and I was able to sustain the status of my portfolio through bigger part for bitcoin. Your friend probably gave up since those two coins didn't moved that much and he might be expecting something in return while bitcoin is stabilizing.

XRP didn't moved and instead it has went down.

ETH moved but it struggles to maintain higher position on $200.

For top coins, I agree with your opinion to hodl whenever a rapid fall happens. While for new altcoins, I am not sure to hodl, learn carefully what is happening. If the project is not promising enough or it is likely to be dead coins yet a low interest from investors, then you may consider selling than losing everything.


Yes, especially for long term investors, patience is a must and don't be easily influenced by others.

right you say,
Don't be fooled by today's market which is down and we assume that altcoin won't go up.
if we look at the large TF altcoin has a great potential to go higher than in the last few weeks before the price falls,
so in fact this is the right time to buy more than give up and sell our altcoins at cheap prices.

I believe that the market is like a wheel which is moving from up to down, back to up and down again. We are still facing the bear market until now, but the situations will change soon. Maybe we don't know when it comes, but we don't have to give up because we already decide to stay in the market until the bull run comes. So at this moment, all we can do is still keep the coins we have, no matter if that is bitcoin or altcoin because the moment for the bull run will come so we can make a profit again.

Altcoins are experiencing very slow developments. It seems now that the Bitcoin price is very high and Altcoin does not show any significant movements. Bitcoin domination makes all the altcoins difficult to predict.

You do not easily believe in the market but you should see the track record of the coins you will buy. The Altcoin season will surely arrive, just that we have to be patient and collect more altcoins for the long term.

That is why it is now worth investing in those altcoins that will bring stable profits in a year or several years. Bitcoin is the first good cryptocurrency program, but a program. This is a universal coin, which nevertheless slows down in development as a means of payment. Behind altcoins are specific projects with a specific business. This direction of cryptocurrencies will still be modified, however, they have a good perspective. In the future, this market should more and more resemble the stock market, now you just need to invest your funds correctly, and in some cases, change the cryptocurrency in time.

Im also 100% in for altcoins,i do have few bitcoin but im not holding btc for long term,i have many good altcoins with good potential and im sure that the present altcoin market condition is just for a while,it will never last forever,a patient dog will always eat the fattest bone.

It will be wise to be smarter in todays market,this is nothing comparable to 2017 so i will advice you guys to pick good altcoins only,do not pick coins with no working product backing them up and when the next altcoin season comes shitcoins might not even favoured from it at like in 2017

Expecting quick returns on investment is the very recipe for disaster heartbreak and disappointment . Rome was not built in a day. What I think is that there will always be good and bad times but as they say the patient dog eats the fatest bone. I am keeping my altcoins

There are two school of thoughts here:

[1] Those individuals that crypto is a get rich scheme. Buy a token, recommended by someone and hope that it will go to the moon.

[2] Those individuals who are very smart, playing with their money is a big risk on them. So they would rather hold the coins for so long and wait for the market to go on a massive bull-run and book the profit.

It's really up to us. We have a choice here. We are no longer in the year wherein we are going to see x10-x50 coins in the market. Be smart, just saying.

Crypto market can be tricky thats why the following are so important for smart investors
1. Do not rely on a single crypto coin or token
2. Always add more to your portfolio because good projects will always get into the space
3. diversification is the answer to everything in crypto world,i still hold bitcoin too because i cant predict whats yet to come,its another form of playing safe.

Your friend,,, and 99% of the crypto world,,, is a speculator. The problem is with the initial setting of expectation. If you hold thinking, I will sell when the price is x100 or whatever, then I am sorry but prepare to be disappointed.

If you think crypto is all about going up and up, then prepare to be disappointed. History shows things happen in cycles. And with altcoins, some times the bubbles never recover.

So you guys have to start thinking about long term. The altcoin as a product and a technology. Not as a profitmaker.

Is that not what hodling means? Long term?

Market generally now is down and even BTC is trying to force itself up while its move bring down the alts but that still doesn't say the alts like ETH and xrp or some other are useless , regardless of their situation now because looking at it from Technical aspect , it is very much require to dump more and that will also be a good sign tonpump when it finally touch bottom on monthly chart before we see a boom move and that can be a sudden move .

In every market there is always a very fast turn, for now the market is again unstable If a friend is too focused on the market, he will be fooled by the price,Because the market price is exactly the same as the spinning wheel every day,So keep the existing altcoin not to be fooled

The best thing to do right now converts your altcoins to bitcoins if you want to minimize your loss. Because the price as this moment is not stabilizing and there will be a chance to drop this current price to lower than its current price.

But if you still insist that someday the price will return to normal then hold on to that courage because anything is possible in this industry who know the Altcoins that you currently holding may double the price by the next month.

there still some altcoins that rising till today you just need to believe it.

as of today look at the picture:

https://i.ibb.co/DgK4kyS/Screenshot-2.jpg

For us that are hodling and buying altcoin are blessed. Altcoin price might seems down now but we're still hopeful that it will surely skyrocket before mid of 2020.

I am also in favour of altcoins. People often say that only bitcoin is vest investment and altcoin season has gone. But there are many potential altcoins, some new and some old. For instance, Ethereum, Binance Coin, ripple, EOS are best altcoins.

yes of course do not be fooled by the market or speculation that people say because it will not guarantee your investment. My options are still patient with this market condition and of course I take advantage of this situation by collecting altcoin bags again while their prices are still low.

I personally believe that the value of several cryptocurrency would increase before the end of the year, let's not look at how the market is currently, but rather, let's look at the future of our altcoin which I believe is going to grow

I like to share in your optimism but to be factual..Hodlers are liable to  actually die young in the crypto market of today..The market is highly manipulated by whales who keep ranging with btc price..Its better one joins in and trade against usdt in order not to miss out on future pumps

The funny thing is that only small amount of people has understood that the market runs in cycles and if you are holding a coin, some day it is going to return to its best price and maybe would make even bigger success in the future.

I absolutely agree with you, the market situation presently for altcoins is making people dump their coins at loss, without thinking about what the future holds. I was astonished at the massive XRP dip which looked more like manipulation. Many people  think since the ICO era has past, of which ETH was the main currency accepted for most, that ETH won't be profitable to hold for long term. This is definitely not true in my opinion, since I strongly believe the future holds great things for ETH. There are a few other altcoins (LINK, EOS, TRX)  with great developmental progress I'm accumulating for long term aside ETH and XRP.

Don't be depressed and try to give consolation to your friend. Market rate may differ from time to time. I think it will increase again to back to his own pavilion altcoin. Carry on!

don't make quick decisions, remember that the price of coins won't be at a low price forever, they certainly still have a chance to go up someday. especially if you have potential coins, I think you don't need to worry or complain. all you have to do is stay patient and wait for the market situation to improve again.

I have been involved with crypto for over 6 years now, I have seen days when ethereum didn't even existed, I have watched ethereum having its hard fork, I have seen bitcoin move from 30 dollars to 150 dollars, it has seen at most 20 thousand dollars. Basically I have been around long enough to see most important things of bitcoin aside from it actually going a bit mainstream with that first less than 1 dollar times to over 30 dollar times.

I still have hard time getting not fooled by the market sometimes, I never fully go out and I always have some crypto stashed somewhere but the market makes me feel like it could go down anytime and I really think that I should get out and use that money on more stable investments time to time, I haven't done it in the past 6 years and I doubt I will do it ever but it just makes me feel like that so I can understand newer people feeling like that.

Everyone is waiting for the altseason. But do you really believe that will come? Wouldn't it be high and certain profit? And such profit doesn´t exist!

I believe that the market will never be stable.  He will always change.  I think that you need to be prepared for this and adequately respond to the market.  There can always be green areas.

I will never be fooled by the market as i do my own research.
In term of Ethereum there is a big hope and that is a hundred percent that another ATH will be come soon.
It is just a matter of demand from the people due to development of the token.
BTW... DONT BE FOOL by the XRP and not the market!

They ought to have learnt from the history of how many people were fooled by the market and development of bitcoin at the early stage, which they got so much fooled into believing that no good thing will come out of bitcoin, some even lost their wallet keys, while some threw it away, but years later, we see how most of them are now biting their fingers now in regret.

In a nutshell, I quite agree with you that this is repeating itself again in altcoins, many people are giving up now thinking the altcoin market would be dyeing anytime soon, but we really should wait for their time, and I know that the waiting will not be more than 2 years again now for us to start seeing some great increase in the investment that we have made in altcoins.

“Be Fearful when others are greedy and greedy when others are fearful.”  -Warren Buffett

No, this is the first time Bitcoin has gained almost 70% dominance against altcoins, your opening statement is complete BS.

Ripple, XLM, TRX etc, they're all in losses in the last year, and Bitcoin is growing as people are starting to see that these altcoins can't deliver on their promises.

Bitcoin makes no promises, there are no expectations to break, just pure unrestrained progress.

dump your bags before you get completely rekt.

already told in another topic: altcoin season will started in september! just HODL

It is true that the market itself has a big influence in adjusting everyone and is not always able to change according to our wishes. It's important to consider what we are going to buy or sell, especially the top Altcoin whose prices are relatively high, as much as possible not quickly drift, but be prepared when something bad happens in price development.

That's true buddy. I haven't been in the industry for long but I've been a witness of the longest bear market so I can attest to the fact people have seen worse. Having confidence is the best thing to do.

What really caught my attention was he is holding the two top altcoins. I might not be in his shoes to understand him but as a holder too I believe in those coins especially ETH. Like I always tell my friends who asks, I have come too far to give up especially when it comes to coins dropping in value. Since he is holding this two coins he shouldn't worry more as they (coins) have proven their value by maintaining their positions till now against all odds. Good a thing he wasn't holding coins with no use case or nothing to offer at all.

Your friend has a valid reason to fear what's going on with the altcoin market. After all the price of Bitcoin has somewhat recovered from the debacle of 2018. And yet why are the altcoin market is still bleeding and not follow the trend of Bitcoin? The only thing that I can think of is that there are many people who have lost confidence of most of the altcoins, even XRP and ETH because it seems it can't even get to where investors are expecting it to be at this point.


Of course, we need to think positive here and be patience on the altcoin market. I'm sure majority ouf us here has not seen how bleak altcoin would still be in 2019. So be optimistic and look for the long term benefit we can get from it in the next two or maybe three years down the road.

The life of altcoins are also up to the community who believes to it. If you are fooled twice, and you still hang on then shame on you.
ETH and XRP are top coins why would that disappoint your friend the market has been this way since 2018, he can obviously see the two are still on the top rank. The possible answer I guess is his patience to this altcoin bear market.

Confidence is a good thing, confidence should be backed by good. realistic arguments.
Stupid confidence on other hand could end you and make all of your  money disappear pretty quickly. I am not beting on ETH, there are some alt-coins or few niches of alt-coins in which I believe in but not ETH.

There are predictions that the altcoin market could be like this until bitcoin surpass previous ATH again but during this time, most of the coin will die, some might likely combine to generate trade volume if they can be sustainable. IMO it is important that some altcoins die to sanitize the space and bring confidence to new investors, we might also need regulation for crypto startup that demand project prosecution of its roadmap.  

Your friend should understand that he hasn't lost unless he sells lower than he bought. Also, he should understand those two token aren't like others  because there is a reason why they have been at that position or rather unbeatable for a long time despite the market conditions.
Furthermore, should he try to invest in altcoins again do well to make him understand the volatility of this space as well as making adequate research so as to invest wisely. There are really good altcoins out there if one research cautiously and wisely.